Vermilion Energy (TSE:VET) Trading Down 13.8% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares dropped 13.8% on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. Approximately 1,567,002 shares changed hands during trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

Other analysts have also recently issued research reports about the stock. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. TD Securities decreased their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada cut their price objective on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, December 30th. National Bankshares raised their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, ATB Capital decreased their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Monday, December 30th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Trading Up 5.4 %

The firm’s 50 day simple moving average is C$11.42 and its two-hundred day simple moving average is C$12.95. The stock has a market capitalization of C$1.31 billion, a P/E ratio of -1.59, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.13 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio is -9.03%.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.